Conversion Capital is a leading early stage Venture Capital firm based in New York City with over $250m in assets under management. We partner with founders across the US to lead investments in early-stage technology companies, leveraging our experience in operating, building, and investing.
The Role:
As part of the financial operations team, you will play a critical role as the center point of the firms financial and accounting practices. You will be responsible for managing the internal financial footprint of the firm, and help manage reporting to our limited partners. Individuals in this role supercharge our investment team by creating and managing processes that deliver world-class services and experiences to investors. This role will engage across all functions at Conversion Capital, and be a critical input to our ongoing portfolio engagement. This role is a balance between critical financial oversight and sharp execution.
Responsibilities:
Financial Accounting & Reporting
- Oversee preparation of fund and management company financial statements
- Coordinate finance activities including quarterly reporting for the funds, management company and portfolio companies; ensure that accurate, timely analysis and reporting of financial information is in line with the firm’s goals and objectives;
- Financial reporting requirements including post-closing aggregation of data; and
- Identify and stay abreast of changes in GAAP that impact the firm’s accounting and reporting.
Fund & Portfolio Management:
- Cash management, including monitoring cash balances, capital requirements, investment funding, manage reserves, etc.;
- Management of complex legal agreements, including limited partnership agreements and portfolio company deal documents, including communication of pertinent information to firm employees;
- Documentation of funds and determining payouts to management and shareholders as well as handling of preferred interest, dividends and capital calls;
- Assist in the maintenance of Limited Partnership relationships and oversee communications regarding investor meetings, due diligence and fundraising, distributions and other communications;
- Allocation and maintenance of distribution waterfalls for the funds and management company;
- Maintenance of portfolio company shares, options, etc. in CARTA database; and
- Ad-hoc financial modeling as required/requested.
Treasury & Cash Management:
- Cash management, including monitoring cash balances, capital requirements, investment funding, manage reserves, etc.
Audit & Tax Matters:
- Seek opportunities to optimize portfolio company returns and minimize tax liabilities of the funds and management company with efficient tax planning strategies;
- Supervise fund audits and tax matters; and
- Work closely with external parties, including auditors and tax professionals, attorneys, and limited partners.
Exempt Reporting Advisor Compliance:
- Assess and update firm’s compliance policies and procedures as required; and
- Prepare periodic compliance filings and documentation.
Back Office Administration:
- Establish best practices: document policies & procedures, treasury and accounting controls, catalogue of entities and org charts, EINs, legal docs, etc., financial schedules, due diligence questionnaire template, data room items, etc.; and
- Oversight of various firm administrative and office needs, including benefits and other aspects of human resources, IT, facilities, office lease, supply agreements, office management.
- Additional projects, assignments, and services as requested by the Managing Partners of the Company
Your Personality and Values:
- You are a learner who acknowledges your development areas and constantly looks for ways to grow.
- You are open to new perspectives, challenge your beliefs, and strive for self-awareness and intellectual honesty.
- You ask how you can help and dont expect anything in return, especially when it comes to supporting entrepreneurs and startup communities
- You love teamwork, camaraderie, and the thrill of working with others to build something that is bigger than yourself
- You are optimistic and presume positive intent
- You are humble and work without ego or desire for acclaim
- You know what energizes you and you practice it, valuing your health and wellness and not taking yourself too seriously
Your Skills:
- You are organized and excel at managing many ongoing projects
- You independently develop plans, proactively communicate and iterate with key stakeholders, and hit deadlines consistently
- You are professional and deliver enterprise-quality work product
- You create and connect scalable workflows and systems
- You are comfortable managing up and collaborating with executives
- You are unstoppable and committed to meeting your goals
Qualifications:
- 4-6+ years of experience in financial accounting with a strong focus on Venture Capital
- Financial Planning, Financial Statements, and Financial Reporting skills
- Analytical Skills
- Experience in finance and investment
- Ability to analyze and interpret financial data
- Strong understanding of venture capital industry
- Bachelor’s degree in Finance, Accounting, or related field
- Professional certification (e.g., CFA, CPA) is a plus
The total rewards package at Conversion Capital includes base salary, equity (carry), and benefits.
Conversion Capital compensation package includes a highly competitive salary, a performance bonus, and benefits. Actual compensation is influenced by a wide array of factors including but not limited to skill set, level of experience, and specific location.
Conversion Capital offers a comprehensive benefits package that includes generously subsidized healthcare with 100% employer paid dental and vision insurance, and a generous PTO and parental leave. Additionally, Conversion offers a flexible, hybrid in-office model; for most roles, we do not require a minimum number of days in office per week. For more information on our benefits and career opportunities, please visit our website: https://conversioncapital.com/
U.S. Equal Opportunity Employment Information:
Conversion Capital is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants are considered without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. Conversion complies with all applicable state and local laws governing nondiscrimination in employment.
